Waverly, IA—50677
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waverly, IA
As of Oct '25, the median home price in Waverly, IA is $271,000, with a year-over-year change of 5.0%. This indicates that home prices in Waverly, IA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $271,000 | 5.0% |
| Single Family | $278,000 | 4.5% |
| Condos | $251,000 | 11.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $138,000 | 2.2% |
2 Bed | $207,000 | 9.5% |
3 Bed | $250,000 | 5.9% |
4 Bed | $338,000 | 3.7% |
| 5 Bed | $447,000 | 3.2% |
% of Housing Stock
Rental Trends — Waverly, IA
As of July '25, Rentcast reports the average rent in Waverly, IA is $1,190, with a year-over-year rent change of 37.1%. Per bedroom, the median rent as of July '25 in Waverly, IA is studios: $1,090, 1-bedrooms: $591, 2-bedrooms: $1,210, 3-bedrooms: $1,500. The most common rental property sizes in Waverly, IA are 2-bedroom and 3-bedroom, accounting for 46.8% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,190 |
| Studio Rent | $1,090 | $1,090 |
| 1 Bed Rent | $575 | $591 |
| 2 Bed Rent | $1,100 | $1,210 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Waverly, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Waverly, IA is 45. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $331,000 | 28.0% |
Listing Count | 53 | -3.0% |
| Listings as % of Homes | 0.4% | -3.0% |
Days on Market | 45 | 3.0% |
Demographics — Waverly, IA
As of the latest ACS Survey released in 2023, Waverly, IA has a population of 12,700, which has increased by 2.7% over the past 5 years. Waverly, IA is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | 2.7% |
% Under 18 | 21.1% | 5.5% |
% Seniors | 17.8% | -6.8% |
% WFH | 11.1% | 126.5% |
% w/ College Degree | 41.1% | 10.2% |
As of the latest ACS Survey released in 2023, Waverly, IA is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Waverly, IA is hispanic, making up 2.9% of the population. Foreign-born residents account for 2.9% of the population in Waverly, IA, and this percentage has increased by 3.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.9% | -3.0% |
% Black | 2.0% | 0.0% |
% Hispanic | 2.9% | 38.1% |
% Asian | 1.6% | 0.0% |
% Foreign Born | 2.9% | 3.6% |
Mortgage and Risk — Waverly, IA
According to HUD data as of 2023, there were 257 mortgage originations in Waverly, IA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Waverly, IA. Investor activity is low, as 8.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 257 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Waverly, IA
Waverly, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 180 |
Total Units Section 8 | 180 |
% Rentals under Section 8 | 15.5% |
% Occupied Section 8 | 73.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $185 | $575 | $760 |
| 2 Bedroom | -$100 | $1,100 | $1,000 |
| 3 Bedroom | -$200 | $1,500 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,330 |
Affordability — Waverly, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $271,000 |
| Median Household Income | $83,000 |